Stocks End Off Lows; S&P 500 and Nasdaq Log Worst Week in 2013
Junk Bonds
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*S&P 500 index within striking distance of record. NEW YORK, April 2- U.S. It's a risk-on move, and we can see that in the equity market gains and in the continued desire to invest in corporate credit and high-yield bonds, " Matthew Duch, portfolio manager at Calvert Investment Management, Inc. in Bethesda, Maryland, said of Tuesday's price moves.
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*S&P 500 index within striking distance of record. NEW YORK, April 2- Prices for U.S. It's a risk-on move, and we can see that in the equity market gains and in the continued desire to invest in corporate credit and high-yield bonds, " Matthew Duch, portfolio manager at Calvert Investment Management, Inc. in Bethesda, Maryland, said of Tuesday's price moves.
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*Market awaiting U.S. payrolls on Friday. NEW YORK, April 2- Prices of U.S. It's a risk-on move, and we can see that in the equity market gains and in the continued desire to invest in corporate credit and high-yield bonds, " Matthew Duch, portfolio manager at Calvert Investment Management, Inc. in Bethesda, Maryland, said of Tuesday's price moves.
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NEW YORK-- Fitch Ratings on Monday raised US Airways' ratings and assigned the airline a "positive" outlook after its record financial performance in 2012.. Fitch raised the default ratings for US Airways Group Inc. and its airline operating subsidiary to "B+" from "B-," which is still below investment-grade.
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Despite talk of the so-called "great rotation" out of bonds and into equities, high yield debt market issuances are at record quarterly high.
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NEW YORK, March 27- Rating agency Standard& Poor's raised Turkey's sovereign credit rating to BB-plus from BB on Wednesday, just a hair below investment grade, amid a rebalancing economy and progress on Kurdish issues. "The Turkish economy appears to be slowly rebalancing, without undermining its relatively strong fiscal performance," S&P said in a statement.
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NEW YORK, March 27- Rating agency Standard& Poor's on Wednesday raised Turkey's sovereign credit rating to BB-plus from BB, just a hair below investment grade, on a rebalancing economy and progress on Kurdish issues. "The Turkish economy appears to be slowly rebalancing, without undermining its relatively strong fiscal performance," S&P said in a statement.
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Goldman Sachs, Deutsche Bank, Nordea. ISS has accumulated debt since being bought by private equity firms EQT and Goldman Sachs Capital Partners in 2005. Over the past two years it has paid down a 525 million euro high yield bond due 2014 after a 500 million euro equity investment by Ontario Teachers' Pension Plan and Kirkbi Invest last year.
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March 22- The Rhode Island town of North Providence had its near-junk credit rating boosted two notches on Friday after it used a windfall legal settlement with Google Inc to fix its troubled pension system. North Providence received $60 million out of the $500 million nationwide settlement with Google.
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NEW YORK, March 22- H.J. Heinz on Friday priced its $3.1 billion of high-yield bonds at 4.25%, according to a regulatory filing, in line with earlier guidance.
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MILAN, March 22- Ratings agency Standard& Poor's cut its long-term credit ratings on Italian mutual bank Banco Popolare by one notch to the non-investment grade level of' BB+', citing concerns over credit losses amid Italy's economic downturn.
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NEW YORK, March 21- Standard& Poor's cut the sovereign long-term foreign currency credit rating on Cyprus deeper into junk status on Thursday, lowering the rating to CCC from CCC-plus as the country struggles with a banking crisis.
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NEW YORK, March 21- United States Steel rolled its maturity stack last week with a two-part sale of evenly-sized convertible bonds and high-yield debt.
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SINGAPORE, March 21- Low volumes were the order of the day in secondary credit trading in Asia, where most benchmarks ended unchanged. As a result, high-yield bonds ended unchanged in the day with the Asia ex- Japan iTraxx IG Series 19 Index closing unchanged at 117 bp-119bp.
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On April 1, Richard Byrne will become president of Benefit Street Partners, a Providence affiliate with over $4.5 billion in assets spanning high-yield bonds, long-short credit, senior secured debt, direct lending and structured credit, Providence said in a statement on Tuesday.
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By Rachelle Kakouris and John Balassi. NEW YORK, March 8- Forget the chatter about a bubble in high-yield bond market, analysts and strategists say- all the talk looks more than a little overdone.
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Hedge fund manager John Burbank says the risk-reward in this market dramatically favors equities, and he warns there is "no growth in any credit instrument."
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Passport Capital's John Burbank, founder of a fund that manages $3.7 billion, shares his strategies on trading the market's record highs.
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Bruce Richards, Marathon Asset Management CEO, discusses how investors can profit in this low interest rate environment.
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What would the 10-year Treasury yield without QE? Saumil Parikh, Pimco, takes a look at Fed intervention and how investors should allocate bonds in their portfolios.